She makes the leap on February 29, 2020.
Knight joined Arla Foods in January 2016. Arla said the cooperative since that time has strengthened its balance sheet, delivering strong cash flow and net working capital, which has enabled Arla Foods to fund investments in developing global market positions for its brands and Arla Foods Ingredients business as well as expand revenue in growth categories.
The company said Knight, and her executive management team (EMT) colleagues, played a key role in the development and execution of the Company’s Calcium cost-cutting program.
Arla Foods CEO, Peder Tuborgh, said, “I would like to recognize and thank Natalie for the contribution that she has made to the progress of Arla Foods over the last four years and for the support she has given to me and the rest of my EMT Team, during her time with us. Whilst it is always sad to see talented people move on, I congratulate her on her new role and wish her well in her future career.”
Knight said, “It has been a privilege to be CFO of such a progressive and strong co-operative as Arla Foods and I am proud of the achievements that we have made over the last four years, particularly in our ability to continue to drive strong global branded growth, whilst simultaneously implementing our Calcium transformation program. This is a testimony to the capability of Arla people, not least my own teams in Finance, Legal and IT. I wish Arla Foods and its owners every success for the future.”
Tuborgh said he is conducting a search process to find Knight’s successor and that the timing of her move means she will be in place to see the completion and reporting of Arla’s 2019 annual accounts.